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Strategies / Mean reversion / Weekday Pullback Reversal Long Short

Weekday Pullback Reversal Long Short

It buys on DayOfWeek 2 when the close is below its 10 period average and near the bar's low, and sells short when it is above the average and near the bar's high. Positions close on DayOfWeek 3.

Mean reversionLong & shortSwingGoldDaily
1.40Profit factor
6,553Net profit EUR
54.65%Win rate
344Trades
-2,571Max drawdown
19.05Avg trade

Best run of 3. Gold, Daily, spread 0.6, from run pf:2026-10-11-GOLD-D.tsv:24.

Entry rules, long

  1. DayOfWeek equals 2
  3. (close minus low) divided by (high minus low) is below 0.2
  4. The 14 period average true range is at least its value 100 bars earlier

Entry rules, short

  1. DayOfWeek equals 2
  3. (close minus low) divided by (high minus low) is above 0.8
  4. The 14 period average true range is at least its value 100 bars earlier

Exit rules

  2. DayOfWeek equals 3, closing the short.

Test conditions

PeriodUp to 2026-10-11
InstrumentGold, Daily
Spread0.6 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-11

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GoldBest runDaily1.40 34454.656,553 EUR-2,571
USD/JPYDaily2.42 2864.29483 USD-125
US Crude OilDaily1.23 37650.536,379 EUR-2,577

Charts

Results by run

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// Weekday Pullback Reversal Long Short
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false
ONCE capital = 10000

27 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

ATRSMA
Read this firstKnown weaknesses2 points
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run Weekday Pullback Reversal Long Short in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 3 market and timeframe combinations. The best run was Gold, Daily, with a profit factor of 1.40 over 344 trades.

How large was the drawdown?

The best run had a maximum drawdown of 2,571 EUR at the tested position size, against a net result of 6,553 EUR.

Does it trade long, short or both?

It trades both long and short.

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See how ProRealAlgos combines strategies like this into one automated portfolio.

The ProRealAlgos community gets the full rules, the complete code and the automated portfolio.

Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs